Many have received unexpected calls from a person stating that he is from the Australian Tax Office (ATO) or Commonwealth Director of Public Prosecutions (CDPP). The caller says you owe the ATO money and that there is a warrant for your immediate arrest for non-payment.
Do you have clients who receive income from foreign sources or have a bank account in another country? This tax time is a good time to remind them that Australian residents for tax purposes must declare any income they earn anywhere in the world.
With news that the federal government is planning to abolish negative gearing, it is important that people understands fully what this process is all about.
June 2014 — The Australian Tax Office is warning Australians to be on the lookout for a malicious scam that intimidates taxpayers into paying a fake tax debt over the phone.
? Parents receiving government assistance towards the cost of raising their kids have won a small reprieve before budget pain begins for some from next year.
A young Filipino woman who drew outrage after posting pictures online of her lavish lifestyle including one showing her bathing in money is to be charged with tax evasion, officials said Thursday.
Allow me to clarify our clients’ queries when a tax payer changes his or her residency status.
I just received my income tax return for 2011 back from the Australian Tax Office. I am puzzled! The ATO was questioning how many dependents I claimed. I guess it was because of my response to the question: “List all dependents.” My answer was: 50,000 questionable asylum seekers who came by boat; 50,000 illegal migrants; […]
Some taxpayers might be wondering when they find an additional levy along with Medicare levy after preparing their 2012 Tax Return. That is Flood Levy.
PAYG income earners can still claim car and/or travel expenses as long as it is related to their work and the employer has not given reimbursement for such expenses. There are also some restrictions to claim those expenses so it is necessary to check with an accountant.
contributed by Rafael Amoranto The following are tax changes that the Government previously announced but not going ahead and other measures previously announced and proceeding. This will apply to individual taxpayers and small business owners as follows.
With the end of the financial year just around the corner, here are some essential tasks for every investor’s To Do list.